During Q3 2022, South Africa’s office vacancy rate improved slightly after peaking at a new all-time high in Q2.
According to the SAPOA Office Vacancy Survey, the overall vacancy rate at quarter end was 16.4%, down 30 basis points quarter on-quarter with office development activity remaining severely depressed.
The active development gross lettable area (GLA), across the 54 nodes covered by the survey, was 125 000 square metres.
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